DVC financing

[drdvc]

We just decided to purchase DVC and are very excited, but I do have 1 concern. We are financing with Disney with 20% down and direct debit of payments. Our credit is less than perfect, although it is recently clean and our record on our mortgage is pristine. What I am wondering is has anyone out there been turned down for financing with Disney?

 

[Caskbill]

I'm sure it happens, but I don't ever remember ever seeing anyone post it on these boards.

I would guess with 20% down and setting up direct debit, Disney would feel more comfortable. Since you can only borrow one year's points ahead, you really wouldn't be able to utilize more 'value' than your 20% down, so Disney should never be in a position to loose money even if you failed to fulfill the contract payments. That should make it a fairly secured loan.


I'm routing for you. And welcome home.

 

[Dreamfinder2]

Here's a link to a previous thread of one of our cohorts who's been thru the same situation. Hope this helps!

http://www.disboards.com/forums/showthread.php?s=&threadid=115411